Money & The Economy
News on Finance, Money, markets and the economy
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Electric Vehicles Are So Unpopular That Entire Mines Are Shutting Down
A slowdown in the growth of electric vehicle (EV) demand has led to entire mines being shut down as the…
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Ridiculous Trump Verdict Catastrophic for US Economy
Recently a New York state judge ordered Donald Trump to pay $364 million as part of a fraud trial against him and…
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Top Wall Street Economist Delivers Grim Prediction On Future Recession
Andrew Hollenhorst, chief U.S. economist at Citi, predicted on CNBC Thursday that the American economy is headed for a recession,…
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America’s Job Gains Reaped Largely By Immigrants, Analysis Finds
The number of immigrants working in the United States increased over the past four years while the number of working…
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Retail Sales Decline In January As Americans’ Economic Woes Persist
Consumers cut back on retail spending in January as factors like inflation and high credit card debt weighed on Americans,…
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Inflation Missed Expectations In January. Are We Just Stuck With High Inflation Forever?
The Bureau of Labor Statistics announced on Tuesday that inflation increased at a 3.1% annualized rate in January, despite widespread…
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Rich Investors Are Scooping Up Cheap Property As Commercial Real Estate Sector Suffers
Investors flush with cash are looking to buy up commercial real estate properties that developers are putting on the market…
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US Stocks Tumble After Inflation Comes In Above Expectations
Major U.S. stock indexes finished the day Tuesday with huge losses as investors reacted to inflation data that cast doubt…
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Everything You Need To Know About The Potentially Seismic Sale Of US Steel
The potential sale of one of America’s largest domestic steel producers, U.S. Steel, has raised eyebrows among lawmakers in key…
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Credit Card Debt Indicative of Inflation Psychology
When the Federal Reserve paused its interest rate increases last September, I worried that it stopped raising rates too soon.…
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Here’s The Domino That Could Kickstart Another Banking Crisis
Smaller banks hold a disproportionate amount of commercial real estate loans compared to all other loans, according to data from…
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One Major Manufacturer Resisted EV Mania. Now, It’s Raking In The Cash While Competitors Take Losses
Toyota drew activist criticism when it did not quickly embrace electric vehicles (EVs) like many of its major competitors, but…
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Boeing Pauses Deliveries For Dozens Of Planes Due To Newly Discovered Issues
Boeing said in a memo to staff on Sunday that a supplier’s employee found misdrilled holes on some fuselages for…
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Latest Data Indicates No Rate Cuts Anytime Soon
Most Americans – including most of those on Wall Street – believe that the Federal Reserve will cut interest rates…
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Full-Time Work Is Being Replaced By Part-Time Jobs As Americans And Businesses Struggle
Since June 2023, Americans have been increasingly employed in part-time positions, with a subsequent decline in full-time work, according to…
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